24.06.202504:47 Forex Analysis & Reviews: GBP/USD Forecast for June 24, 2025

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP/USD

The bulls in the British pound forcefully overcame the pressure from the bears, who had been anticipating the 1.3208 target. However, at this point, the resistance of the MACD line at 1.3570 is on the verge of breaking.

If this level is breached, buyers will focus on the important target resistance at 1.3635. A breakout above this level will open the path toward 1.3834—a magnetic level formed by the intersection of the October 2021 high and an embedded price channel line.

On the H4 chart, the price has consolidated above the balance and MACD indicator lines, while the Marlin oscillator is rising sharply. A brief pause can relieve the oscillator at the 1.3570 level (MACD line on the daily chart). A subsequent consolidation above this level will mark the beginning of a new upward phase.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.